AAA October 2011 – Page 8

TrueCar speeds along with ALG

US-based real-time automotive marketplace TrueCar completed its acquisition of US-based automotive data consultancy ALG on Tuesday, paying an undisclosed amount to ALG’s former parent company, the automotive retail-based software company DealerTrack Holdings. TrueCar last month raised $200m in debt and equity financing, DealerTrack was among the equity investors, though it did not disclose how much… Continue reading TrueCar speeds along with ALG

Innovative regions: Philippines

The Philippines is a country with "a vast opportunity for improvement" in its economic competitiveness but one that its country’s entrepreneurs are pursuing. Switzerland-based non-profit organisation World Economic Forum, in its Global Competitiveness Report 2011-2012, found the Philippines posted one of the largest improvements in its rankings, up 10 places to 75th. The rise was… Continue reading Innovative regions: Philippines